Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Electro Rent's share price for the quarter that ended in Feb. 2016 was $9.48. Electro Rent's Shares Outstanding (EOP) for the quarter that ended in Feb. 2016 was 24.2 Mil. Therefore, Electro Rent's market cap for the quarter that ended in Feb. 2016 was $229.4 Mil.
Electro Rent's quarterly market cap
declined
from Aug. 2015 ($257.2 Mil) to Nov. 2015 ($249.7 Mil) and
declined
from Nov. 2015 ($249.7 Mil) to Feb. 2016 ($229.4 Mil).
Electro Rent's annual market cap
declined
from May. 2013 ($408.2 Mil) to May. 2014 ($387.7 Mil) and
declined
from May. 2014 ($387.7 Mil) to May. 2015 ($247.6 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Electro Rent's Enterprise Value for Today is $375.0 Mil.
Electro Rent Market Cap Historical Data
The historical data trend for Electro Rent's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Electro Rent Annual Data
Trend
May06
May07
May08
May09
May10
May11
May12
May13
May14
May15
Market Cap
367.86
331.99
408.17
387.72
247.59
Electro Rent Quarterly Data
May11
Aug11
Nov11
Feb12
May12
Aug12
Nov12
Feb13
May13
Aug13
Nov13
Feb14
May14
Aug14
Nov14
Feb15
May15
Aug15
Nov15
Feb16
Market Cap
311.43
247.59
257.19
249.72
229.37
Competitive Comparison
For the Rental & Leasing Services subindustry, Electro Rent's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Electro Rent Market Cap Distribution
For the Business Services industry and Industrials sector, Electro Rent's Market Cap distribution charts can be found below:
* The bar in red indicates where Electro Rent's Market Cap falls into.
Electro Rent Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Electro Rent's Market Cap for the fiscal year that ended in May. 2015 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Electro Rent (NAS:ELRC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Electro Rent Market Cap Related Terms
Thank you for viewing the detailed overview of Electro Rent's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Electro Rent Corp was incorporated in California in 1965 and became a publicly held corporation in 1980. The Company rental, lease and sells of new and used electronic test and measurement equipment. The Company purchases that equipment from manufacturers such as Agilent and Tektronix primarily for use by its customers in the aerospace, telecommunications, defense, electronics, industrial and semiconductor industries. The Company data products division provides personal computers and servers from manufacturers including Dell, HP/Compaq, IBM, Toshiba and Apple. It has also expanded its rental, lease and sale of electrical test and inspection equipment used in the industrial industry, which includes electrical contractors and utility companies and their related support services providers. The Company's competitors in the North American T&M rental area include McGrath Rent Corp., Continental Resources, Test Equity and Microlease PLC. It competes for rental business with Microlease plc and Livingston Group Ltd. in Europe and Orix Corporation in Asia.
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